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Latvia vs Monaco statistics compared

Updated on by Georank team

Latvia has a population of 1.86M (ranked 149/197), compared with 38.6K in Monaco (ranked 191/197). Latvia's land area is 24,027 sq mi versus 0.8 sq mi for Monaco (ranked 121st vs. 196th).

By GDP, Latvia ranks 100/197 ($43.5B) and Monaco ranks 153/197 ($10B). By GDP per capita, Latvia ranks 53/197 ($23,368), while Monaco ranks 1/197 ($256,581).

Main facts and rankings

Latvia Monaco
Population
1844219
38341
Population rank 149/197 191/197
GDP
$43.5B
2024
$10B
2023
GDP rank 100/197 153/197
GDP per capita
$23,368
2024
$256,581
2023
GDP per capita rank 53/197 1/197
GDP per capita, PPP
$43,867
2024
$115,700
2015
Government debt
$20.6B
2024
n/a
Debt-to-GDP ratio
48.3%
2025
n/a
Government debt per person
$11,068
2024
n/a
Government debt per person rank 52/185 n/a
Average annual personal income after taxes
$15,995
2025
$97,128
2025
Land area
24,027 sq mi
2025
0.8 sq mi
2025
Population density
77.5 ppl/mi²
2024
48,010 ppl/mi²
2024
Fertility rate
1.36
2023
2.11
2023
Median age
44.3 years
2024
55 years
2024
Life expectancy
76.5 years
2025
86.6 years
2025

Latvia and Monaco: Comparison Charts

Latvia and Monaco economies compared

GDP
Latvia

Monaco
Year GDP
Latvia Monaco
1970 - $293,127,333
1971 - $327,706,210
1972 - $402,451,901
1973 - $523,554,039
1974 - $563,949,254
1975 - $711,978,962
1976 - $735,324,245
1977 - $811,191,392
1978 - $1,000,555,218
1979 - $1,209,870,147
1980 - $1,378,175,524
1981 - $1,205,188,648
1982 - $1,143,216,457
1983 - $1,092,560,365
1984 - $1,037,329,604
1985 - $1,082,867,507
1986 - $1,515,234,743
1987 - $1,839,081,463
1988 - $2,000,704,745
1989 - $2,010,083,833
1990 - $2,481,307,077
1991 - $2,480,540,845
1992 - $2,737,049,231
1993 - $2,574,494,356
1994 - $2,720,332,135
1995 $5,608,208,785 $3,130,309,995
1996 $5,799,465,288 $3,137,886,995
1997 $6,349,481,007 $2,840,195,190
1998 $6,974,112,951 $2,934,593,468
1999 $7,324,192,890 $2,907,118,641
2000 $7,761,252,607 $2,654,462,665
2001 $8,190,888,740 $2,673,723,034
2002 $9,249,030,241 $2,919,647,982
2003 $11,244,337,720 $3,597,089,751
2004 $13,827,070,379 $4,043,551,489
2005 $16,306,935,905 $4,204,652,899
2006 $20,434,922,247 $4,586,826,513
2007 $29,420,499,248 $5,875,790,766
2008 $34,135,200,994 $6,502,942,245
2009 $25,691,530,442 $5,474,379,252
2010 $23,468,324,572 $5,367,561,570
2011 $26,575,547,901 $6,088,689,808
2012 $27,116,149,949 $5,742,749,294
2013 $29,152,128,168 $6,555,591,710
2014 $30,277,203,767 $7,070,017,324
2015 $26,344,565,877 $6,264,756,528
2016 $27,117,105,060 $6,471,290,794
2017 $29,391,059,767 $6,430,254,653
2018 $33,247,935,477 $7,184,333,936
2019 $33,099,503,951 $7,383,496,254
2020 $33,379,927,435 $6,730,736,283
2021 $38,183,326,785 $8,623,242,743
2022 $38,014,713,596 $8,800,430,486
2023 $42,572,151,720 $9,995,350,547
2024 $43,520,773,851 -

Latvia and Monaco economies compared

GDP per capita
Latvia

Monaco
Year GDP per capita
Latvia Monaco
1970 - $12,098
1971 - $13,334
1972 - $16,187
1973 - $20,882
1974 - $22,348
1975 - $27,921
1976 - $28,396
1977 - $30,875
1978 - $37,608
1979 - $44,990
1980 - $50,814
1981 - $44,157
1982 - $41,479
1983 - $39,076
1984 - $36,582
1985 - $37,690
1986 - $52,082
1987 - $62,456
1988 - $67,181
1989 - $66,816
1990 - $81,735
1991 - $80,997
1992 - $88,615
1993 - $82,685
1994 - $86,704
1995 $2,257 $99,032
1996 $2,360 $98,561
1997 $2,610 $88,582
1998 $2,894 $90,947
1999 $3,064 $89,698
2000 $3,278 $81,789
2001 $3,505 $82,403
2002 $4,004 $90,051
2003 $4,915 $111,110
2004 $6,110 $125,160
2005 $7,284 $130,539
2006 $9,212 $143,083
2007 $13,371 $184,559
2008 $15,678 $204,264
2009 $11,996 $169,150
2010 $11,188 $161,854
2011 $12,903 $179,364
2012 $13,329 $165,445
2013 $14,484 $184,941
2014 $15,186 $195,694
2015 $13,322 $170,437
2016 $13,839 $173,605
2017 $15,132 $170,663
2018 $17,252 $188,298
2019 $17,295 $193,747
2020 $17,564 $176,892
2021 $20,262 $223,823
2022 $20,227 $226,052
2023 $22,676 $256,581
2024 $23,368 -

Latvia vs. Monaco life expectancy calculator

Life expectancy
Latvia

Monaco
Year Life expectancy, years
Latvia Monaco
1950 64.6 68
1951 65.2 68.4
1952 65.7 68.9
1953 66.2 69.6
1954 66.7 70
1955 67.1 70.4
1956 67.6 70.7
1957 68.3 70.9
1958 68.9 71.1
1959 69.5 71.4
1960 70.3 71.9
1961 70.5 72.2
1962 69.9 72.4
1963 70.3 72.5
1964 71.5 72.7
1965 71.2 72.9
1966 71.2 73
1967 70.9 73.1
1968 70.5 73.2
1969 70.2 73.2
1970 70.2 73.3
1971 70.6 73.4
1972 70.3 73.4
1973 70.2 73.4
1974 70.1 73.4
1975 69.3 73.5
1976 69.4 73.8
1977 69.4 74.2
1978 69.3 74.7
1979 68.8 74.9
1980 69.1 74.9
1981 69.1 75
1982 69.6 75.3
1983 69.4 75.7
1984 69.4 76.4
1985 69.6 77.4
1986 71 78.4
1987 71 79.3
1988 70.9 79.4
1989 70.4 79.4
1990 69.5 79.4
1991 69.2 79.7
1992 68.5 80.1
1993 66.6 80.4
1994 65.2 80.7
1995 66 80.9
1996 68.6 81.1
1997 69.2 81.4
1998 68.9 81.6
1999 69.6 81.8
2000 70.2 82.1
2001 69.9 82.5
2002 70.2 83.1
2003 70.6 83.6
2004 70.9 84.2
2005 70.6 84.3
2006 70.6 84.2
2007 70.8 83.9
2008 72 83.8
2009 72.7 84.2
2010 73 84.6
2011 73.7 85
2012 73.9 85
2013 74.2 85.1
2014 74.3 85.1
2015 74.7 85.3
2016 74.8 85.6
2017 74.8 85.9
2018 75 86.1
2019 75.6 86.2
2020 75.5 86.1
2021 73.2 85.1
2022 74.9 85.7
2023 76.2 86.4
2024 76.3 86.5
2025 76.5 86.6

Latvia and Monaco population clocks and comparison

Population
Latvia

Monaco
Year Population
Latvia Monaco
1960 2,120,979 21,808
1961 2,152,681 21,901
1962 2,181,586 22,078
1963 2,210,919 22,385
1964 2,240,623 22,686
1965 2,265,919 22,941
1966 2,283,217 23,131
1967 2,301,220 23,230
1968 2,323,619 23,437
1969 2,343,173 23,831
1970 2,359,164 24,229
1971 2,376,389 24,576
1972 2,395,674 24,862
1973 2,415,819 25,072
1974 2,437,186 25,235
1975 2,456,130 25,500
1976 2,470,989 25,895
1977 2,485,073 26,273
1978 2,497,921 26,605
1979 2,505,953 26,892
1980 2,511,701 27,122
1981 2,519,421 27,293
1982 2,531,080 27,561
1983 2,546,011 27,960
1984 2,562,047 28,356
1985 2,578,873 28,731
1986 2,599,892 29,093
1987 2,626,583 29,446
1988 2,653,434 29,781
1989 2,666,955 30,084
1990 2,663,151 30,358
1991 2,650,581 30,625
1992 2,614,338 30,887
1993 2,563,290 31,136
1994 2,520,742 31,375
1995 2,485,056 31,609
1996 2,457,222 31,837
1997 2,432,851 32,063
1998 2,410,019 32,267
1999 2,390,482 32,410
2000 2,367,550 32,455
2001 2,337,170 32,447
2002 2,310,173 32,422
2003 2,287,955 32,374
2004 2,263,122 32,307
2005 2,238,799 32,210
2006 2,218,357 32,057
2007 2,200,325 31,837
2008 2,177,322 31,836
2009 2,141,669 32,364
2010 2,097,555 33,163
2011 2,059,709 33,946
2012 2,034,319 34,711
2013 2,012,647 35,447
2014 1,993,782 36,128
2015 1,977,527 36,757
2016 1,959,537 37,276
2017 1,942,248 37,678
2018 1,927,174 38,154
2019 1,913,822 38,109
2020 1,900,449 38,050
2021 1,884,490 38,527
2022 1,879,383 38,931
2023 1,877,445 38,956
2024 1,862,441 38,631

Fertility rates in Latvia and Monaco

Fertility rate
Latvia

Monaco
Year Fertility rate
Latvia Monaco
1960 1.94 2.81
1961 1.94 2.78
1962 1.91 2.76
1963 1.85 2.73
1964 1.79 2.69
1965 1.74 2.66
1966 1.76 2.63
1967 1.8 2.59
1968 1.83 2.57
1969 1.88 2.54
1970 1.96 2.5
1971 2 2.47
1972 2 2.44
1973 1.98 2.41
1974 1.97 2.38
1975 1.96 2.35
1976 1.93 2.33
1977 1.89 2.31
1978 1.87 2.28
1979 1.87 2.26
1980 1.86 2.24
1981 1.88 2.22
1982 1.97 2.2
1983 2.07 2.18
1984 2.09 2.17
1985 2.08 2.14
1986 2.12 2.11
1987 2.15 2.06
1988 2.11 2.01
1989 2.05 1.93
1990 2.02 1.85
1991 1.86 1.79
1992 1.73 1.76
1993 1.51 1.75
1994 1.39 1.76
1995 1.25 1.78
1996 1.16 1.82
1997 1.11 1.88
1998 1.09 1.95
1999 1.16 2.01
2000 1.25 2.08
2001 1.22 2.18
2002 1.26 2.01
2003 1.32 1.91
2004 1.29 1.99
2005 1.39 2.01
2006 1.46 2.1
2007 1.54 2.21
2008 1.58 2.38
2009 1.46 2.4
2010 1.36 2.38
2011 1.33 2.22
2012 1.44 2.29
2013 1.52 2.31
2014 1.65 2.49
2015 1.7 2.5
2016 1.74 2.58
2017 1.69 2.42
2018 1.6 2.49
2019 1.61 2.4
2020 1.55 2.38
2021 1.57 2.12
2022 1.47 2.11
2023 1.36 2.11

Latvia and Monaco demographics compared

Median age
Latvia

Monaco
Year Median age, years
Latvia Monaco
1960 32.3 45.4
1961 32.4 45.4
1962 32.6 45.3
1963 32.8 45
1964 33 44.8
1965 33.2 44.8
1966 33.5 45
1967 33.8 45.2
1968 34 45.3
1969 34.1 45
1970 34.2 44.8
1971 34.3 44.7
1972 34.5 44.7
1973 34.6 44.9
1974 34.7 45.1
1975 34.9 45
1976 35 44.6
1977 35.1 44.2
1978 35.1 44
1979 35.1 44
1980 34.9 44.1
1981 34.8 44.2
1982 34.7 44.1
1983 34.6 43.8
1984 34.7 43.5
1985 34.7 43.4
1986 34.7 43.4
1987 34.6 43.5
1988 34.6 43.7
1989 34.5 43.9
1990 34.6 44.2
1991 34.8 44.3
1992 35.2 44.3
1993 35.6 44.4
1994 36 44.5
1995 36.2 44.7
1996 36.6 44.8
1997 36.9 44.9
1998 37.3 45
1999 37.6 45.3
2000 37.9 45.6
2001 38.3 45.8
2002 38.6 45.9
2003 38.9 46
2004 39.2 46.2
2005 39.4 46.5
2006 39.7 46.8
2007 39.9 47.1
2008 40.1 47.6
2009 40.5 48.3
2010 41.1 49.2
2011 41.6 50.1
2012 42 51.1
2013 42.3 52
2014 42.5 52.8
2015 42.8 53.7
2016 43 54.4
2017 43.2 55
2018 43.4 55.5
2019 43.6 55.6
2020 43.8 55.7
2021 43.9 56.2
2022 44 56
2023 44.1 55.3
2024 44.3 55

Interactive Maps

Use the buttons below to switch between world maps comparing statistics for Latvia and Monaco.

GDP per capita

GDP

Life expectancy

Population

Population density

Fertility rate

Median age

Land area

National statistics comparison

Finance

Latvia Monaco
GNI, Atlas method
$40.8B
2024
n/a
Government expenditure, % of GDP
44.4%
2025
20%
2025
Education expenditure, % of GDP
4.32%
2022
1.73%
2023
Military expenditure, % of GDP
2.27%
2023
n/a
Armed forces personnel
9,000
2020
n/a
Deficit/surplus, % of GDP
-3.63%
2025
n/a
Unemployment rate
6.88%
2024
6.33%
2016
Services, % of GDP
63.1%
2024
88.5%
2023
Industry, % of GDP
19.9%
2024
11.5%
2023
Economic freedom index
71.4
2025
83
2025
Income share by richest 10%
26.2%
2023
n/a
Income share by poorest 10%
2.6%
2023
n/a
Number of billionaires n/a
2
2025
Percentage of billionaires n/a
0.006%
2025
Listed domestic companies
56
2003
n/a
Total reserves including gold
$5.14B
2024
n/a
Personal remittances received
$1.34B
2024
n/a
International tourist arrivals
3,204,000
2020
159,000
2020
International tourism as share of exports
7.25%
2007
n/a
Banked people share
95%
2024
n/a

Energy

Latvia Monaco
Energy use, kg of oil equivalent per capita
2,248 kg
2023
n/a
GDP PPP per kg equivalent of energy use
$18.6
2023
n/a
Carbon dioxide (CO2) emissions
6.55 megatons
2023
n/a
CO2 emissions per capita
3.49 tons
2023
n/a
Fossil fuel energy use share
47.8%
2023
n/a
Renewable energy use share
44%
2021
n/a
Alternative and nuclear energy use share
8.79%
2023
n/a
Net energy imports use share
34.3%
2023
n/a
Electric power consumption per capita
3,629 kWh
2023
n/a
Renewable electricity output share
63.6%
2021
n/a
Hydroelectric share
59.4%
2023
n/a
Nuclear share
0%
2021
n/a
Electricity access
100%
2023
100%
2023

Society

Latvia Monaco
% of world population
0.02%
2024
0.0005%
2024
Annual migration change
-2,225
2024
+110
2024
Urban population
68.8%
2024
100%
2024
Male:Female ratio
50:50
2024
50:50
2024
Average male height
5.94 ft
2025
n/a
Average female height
5.54 ft
2025
n/a
Quality of life index
74.3
2025
85.9
2025
Corruption Perceptions Index
59
2024
82
2025
Higher education index
70
2025
38
2025
Homicides per 100K people
2.5
2023
0
2008
Road traffic mortality per 100K people
8.1
2019
0
2013
Visa free countries
172
2025
167
2025
Adult literacy rate
99.9%
2021
99%
2003
English speaking
45.9%
2023
40%
2025
People using the Internet
92.7%
2024
99.1%
2023

Health

Latvia Monaco
Government health expenditure per capita
$1,642
2022
$7,656
2022
Out-of-pocket health expenditure per capita
$505
2022
$579
2022
Life expectancy
76.5 years
2025
86.6 years
2025
Foreign aid share of health expenditure
0.18%
2022
n/a
Physicians per 1,000 people
3.38
2021
8.89
2020
Age at first childbirth
28 years
2023
32.5 years
2021
Maternal mortality per 100K births
19
2023
5
2023
Mortality rate before reaching 5 years of age, per 1,000 live births
3
2023
2.7
2023
Obesity rate
24.9%
2022
n/a
Diabetes prevalence
7.1%
2024
6.9%
2024
Air quality index
75
2025
72
2025
Tobacco use prevalence
33.9%
2022
n/a
Pure alcohol consumption per capita
12.9 liters
2020
n/a

Territory

Latvia Monaco
% of world land
0.04%
2025
0.000001%
2025
Land area per capita
12,901 sq mi
2024
20.8 sq mi
2024
Agricultural land area
7,610 sq mi
2025
n/a
Forest area
13,214 sq mi
2025
0 sq mi
2025
Roads length n/a
47.8 mi
2019

In-depth comparisons

Facts comparisons

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